Anhui Jiangnan Chemical Industry Co.,Ltd. agreed to acquire a 94.39% stake in Shanxi Jiangyang Xing'an Civil Explosive Equipment Co., Ltd. from North Special Energy Group Co., Ltd.

ANHUI JIANGNAN CHEMICAL INDUSTRY CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of civilian explosives. The Company's main explosive products include colloidal emulsion explosives, powder emulsion explosives, expanded ammonium nitrate explosives, porous ammonium oil explosives, seismic charges, nonel detonators and industrial detonating fuses, among others. The Company also manufactures and sells civilian detonating equipment, as well as is engaged in the civil explosive engineering business. The Company distributes its products within domestic market and to overseas markets.